Oil continues to keep a long, sloping price approached the level of support (it can be clearly seen on the 4 hour chart), from her I think that will be the continuation of the northern trend, the main purpose I see 100.
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Oil continues to keep a long, sloping price approached the level of support (it can be clearly seen on the 4 hour chart), from her I think that will be the continuation of the northern trend, the main purpose I see 100.
Light sweet crude markets had a positive session again on Tuesday, and broke above the highs from the Monday session in order to trigger buy orders. However, by the end of the day we saw this entire market pullback and form a shooting star. This suggests to us that there is some downward pressure, but we think that the $95 level will continue to offer significant support. In other words, it looks like we’re setting out for consolidation.
This of course can change at a moment’s notice based upon headlines. There are reports coming out of Israel that the Israelis are getting ready to preemptively attack the Iranians because of their nuclear program. Whether this is true or not it doesn’t matter, it’s simply put fear into the marketplace which should drive prices higher overall. With this in mind, we are buying supportive action close to the $95 level. As for selling, we aren’t even considering it at this point.
My goal for oil is still the upper limit of the inclined (uplink) - the level of 99.00, oil continues to rise, while there is a slight correction, the resumption of growth buy more.
Oil. Well wait rebound from the bottom of the channel and bought, the trend continues to strengthen in the north, the price feels fine boundary of the channel, I think to be 100.00.
Oil is just very much just collapsed after the news, the price of even managed to break the support level of 95.40, while waiting below the normal capacity of the mark, and after selling the north correction.
Yet it seems to be fallingQuote:
Originally Posted by susanto
Yes oil showed maximum of 98 dollars. and the price was cut short ... very serious bearish candle and punched several important horizontal levels ... so now there is resistance on the short-term charts around 95.10 ... it is very possible that the price has aimed again at 93.50 ....
Initial support at 95.00 followed by 92.50. Initial resistance is now at 98.00 followed by 100.00
Today, the oil market has shown a spurt down ... but the pressure on price has been so strong to knock the level of support for 95 dollars ... now the price keeps rising trend line has not been broken ... the more good work for the level of 94.40 I think that you can buy
Today, the oil market has shown a spurt down ... but the pressure on price has been so strong to knock the level of support for 95 dollars ... now the price keeps rising trend line has not been broken ... the more good work for the level of 94.40 I think that you can buy///!!!
Oil is still trading below the levels of 61 fib I expect to see more of the landing as long as the pair could not close above the 61 Fibonacci levels